Mack-Cali Realty Corporation Declares First Quarter Cash Dividend

03/25/1999 Category: Dividends

CRANFORD, NJ--March 25, 1999--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared a first quarter cash dividend of $0.55 per share (indicating an annual rate of $2.20 per share) for the period January 1, 1999 through March 31, 1999. The dividend will be paid on AprilĀ 23, 1999 to shareholders of record as of April 6, 1999. Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 253 properties, primarily office and office/flex buildings, totaling approximately 28 million square feet, located in 12 states and the District of Columbia. The properties, which are primarily located in the Northeast, enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,400 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.